Bruklyn Builders Refinances Downtown Brooklyn MultiFamily Building With $41.2M Loan From Dwight Mortgage Trust

Bruklyn Builders has secured $41.2 million in bridge financing from Dwight Mortgage Trust, an affiliate of Dwight Capital, to refinance its recently completed 13-story Amnia building in downtown Brooklyn. The property, located at 27-131 Concord Street, is a multifamily asset consisting of 73 units. This transaction represents a significant financial investment in the downtown Brooklyn market.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $41,200,000
• Address: 27-131 Concord Street
• Market: Downtown Brooklyn
• Lender: Adam Sasouness - Dwight Mortgage Trust
• Landlord: Bruklyn Builders
• Broker: Pinchas Vogel - Landstone Capital Group
• Loan Type: Refinance

Adam Sasouness from Dwight Mortgage Trust acted as the lender in this transaction, providing the necessary financing to facilitate the refinancing of the Amnia building. Pinchas Vogel, representing Landstone Capital Group, served as the broker, orchestrating the deal between the lender and landlord. This loan will allow Bruklyn Builders to optimize their investment in the downtown Brooklyn market and potentially capitalize on the growing demand for multifamily properties in the area.